Topic: El Salvador has become the first country to make #Bitcoin legal tender! 🇸🇻 - page 51. (Read 43289 times)

The effect was also very clearly felt by the residents of El Salvador when the number of murders began to decrease in El Salvador, especially the government was able to have more freedom in attracting more investors to El Salvador and also increased tourism to El Salvador because they were no longer worried about gangs that once flourished in El Salvador. So Nayib Bukele really deserves praise from many people for his efforts in changing the country of El Salvador from a bad environment to a better environment like it is now.

Nayib Bukele is one of the best governments in El Salvador. He is shaping his country in such a way that it is improving in every respect. He was the first in the world to officially launch Bitcoin transactions in his country. Which no country has been able to do till date. The number of murders in El Salvador has dropped to 108 out of 100k since the establishment of the Nayib Bukele government. Whenever a country has a decrease in murders and an increase in security, people will love that country. For example, in El Salvador, a lot of foreign exchange is being earned from the tourism sector, which is playing a very important role in the advancement of the country. El Salvador used to be a country where gangs thrived. The Ghang Party has been completely destroyed since the establishment of the Nayib Bukele government. That is why I like the government of this country very much.

Apart from that, the El-Savador government itself has also been paying attention and organizing the beautiful areas there for a long time so that they have a big attraction for any tourist to visit there even though the big target is US tourism so that they can want to go there to enjoy the natural beauty. And the effect of the potential increase in tourism visiting there is also very clear, namely that it can make greater improvements in the economic aspect so that the country of El-Savador itself can develop more quickly and more easily complete every project that is being worked on well by the government. I am quite amazed to see the development and cooperation of El-Savador in the last few years in all aspects.

This is El-Savador at a glimpse writing to the Santander Corperate and Investment Banking, stating on the observed increase in the US base tourism flow to El-Savador, thus this higher potentials on tourism visits to the country was noticed to help the country positioned itself towards it debt budget and reconciliation plan to adequately plan and prepare itself over every tourism opportunities coming through the US tourism, the president noticed that this will make a move towards having a better and expected economy boost.

At a glance President Bukele's unbelievable success in every spheres in his county.
Homicides rate has almost reached zero. It is a remarkable achievement of the President. Just as the trend of gangster crime in Salvador has decreased, the trend of Homicides has decreased significantly.
Another important step taken by President Nayeb Bukele in El Salvador is the adoption of a special effective measure on tourists, where the President has risen to the 4th position in a special report for the month of September 2023 in the world, breaking all previous records. In a special record, 30% more income has been generated from tourists this year than last year 2022.





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El Salvador has achieved a reputation as a Bitcoin City and has completed various development projects at various times. Very recently in El Salvador, President Nayib Bukelehas given a lot of importance to tourism, which has resulted in the first in the Americas and the fourth position in the world. A study by UNWTO has highlighted this important issue.

I would like to highlight some very positive news that is not well publicized but is very important for the economy.  This news is reported in one of the official newspapers of El Salvador.
Local newspaper Diario El Salvador reports that  El Salvador's stock market rose 71.3% in the 8 months (including August) of 2023 compared to the same period last year.
 The stock exchange registered 5,669 transactions worth $2,918.4M for the accounting period January-July 2023. The stock exchange report also indicates that in August 785 transactions were registered on the country's stock market for a total amount of $450.4M.

 It seems to me that these are very good results for such a small country and this is the success of the economic policy pursued by the El Salvador government.  By many similar indicators, this growth is not just good, it is fantastic!

How sure are you that El-Savador is not giving attention to the development of other aspects of the economy, the current development is not only focused on bitcoin, but through bitcoin adoption comes in many other benefits they got served with, that means bitcoin has created so any diverse capacity building in the whole sectors of there economy ever since adoption because life had been made suitably affordable for every citizens to leave and have financial liberty, they can run their daily live economy with the basis of affordability without stress, if another big opportunity is coming through the next Halving then they will take advantage in participating because they have invested, but that doesn't mean they are so dependent on bitcoin only for their economy sustainability.

El Salvador is a country that is quite clean and beautiful and has good governance in various sectors, including in the sector of cooperation with several companies and other countries for now. I also agree with what you say because the prosperity of a country is not only about adopting cryptocurrencies like Bitcoin, but also about real development through several projects that can bring benefits to the country and so far I think that has also happened in El Salvador after many gangs were successfully cleaned up by the government this year.

And how will halving affect the country’s success economically and financially? This is something out of fantasy. Prosperity requires not only Bitcoin adoption, but also a strong technological and manufacturing base, which the state lacks. There are no natural resources in demand.
All this is so illusory that one can talk about it all in the spirit of dreams.
The only thing that will contribute to development is that there is cooperation with a large American company that invests a decent amount of money in various industries. These are not only crypto projects, but also related ones.

El Salvador will introduce bitcoin education in schools by 2024 because teaching children from an early age will surely build a solid foundation.  In particular, non-profit institutions and NGOs Primer Bitcoin has partnered with the Ministry of Education to include it in its curriculum.  My Primer Bitcoin (MPB) which stands for "My First Bitcoin" has been added to the partnership and will be taught in the public school curriculum by 2024.
Source Link: https://cointelegraph.com/news/el-salvador-to-introduce-bitcoin-education-in-schools-by-2024


 Also noted is that Bitcoin Beach's support for the pilot program begins on September 7.  And the Bitcoin Diploma Program will be taught to 150 school teachers from 75 schools to provide them with a "base knowledge" of Bitcoin.  In this way, the hero Bukele is providing benefits to the people of his country, which is the greatest sign of bravery.  His initiative is loved by all and he is a major tool of bravery for El Salvador bitcoin education.

Source Link: https://cointelegraph.com/news/el-salvador-to-introduce-bitcoin-education-in-schools-by-2024

El-Savador is a country determined for excellence regardless of the conditions that are involved, it all goes along way through sacrifice, if we truly want a change then we need to adopt a new system and change the old ways we use in doing things, El-Savador is not only going to work on teaching bitcoin in schools, but the entire school curriculum will be looked at and changes will be made to improve the level and standard of their education, every average El-Savadoran will have the opportunity of understanding bitcoin and also have good access to better educational opportunities and this is the right procedure to elevate the people through bitcoin education starting with the younger generation.

Despite some lull in Bitcoin adoption in El Salvador, it appears that the government is systematically and persistently continuing to educate the country's population on the basics of its use bitcoins.
 Among the news in the field of education in El Salvador, in particular, there is talk about such a program for teaching the basics of Bitcoin to 150 public school teachers.  At the same time, relevant partnerships are concluded with non-profit organizations, such as, for example, My first Bitcoin .
 Find out more about this news in the Salvadoran newspaper Diario El Salvador

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It seems to me that many governments are simply afraid of losing control over the population if, following the example of El Salvador, they legalize Bitcoin.  In addition, this will cause indignation and dissatisfaction, and the IMF may limit financial transfers.  The president of such a republic must be brave and desperate, like Bukele, in order to make a decision to legalize bitcoins in his country.
 But there are very few such brave people in the world!

The last point which is about regulation and clarity is something basic that everyone is asking from their country. Where government of every country are still scratching their heads on regulation. El Salvador is the only country to come up with it as they made Bitcoin a legal tender. Struggling economies of the globe should take this opportunity to adopt Bitcoin.

I recently came across a news that in Lebanon people are using USD as the currency to determine the price of any good. The reason being the depreciating value of Lira and the high volatility. Rather adopting USD they could have declared Bitcoin as another legal tender and followed the footsteps of El Salvador.

El Salvador wants YOU to come build #Bitcoin    Country!

There are many reasons why you should make the move to El Salvador, here are just some of them:



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It is not surprising that the president of El Salvador makes bilateral business needs with the President of Qatar, because the president of El Salvador also knows that Qatar is a developed country and can be collaborated with on several matters. Moreover, Qatar itself does not prohibit Bitcoin and there are also three good exchanges (as listed here) that can be used in Qatar when anyone wants to buy Bitcoin and it could be very meaningful for these two countries if they create bilateral relations in terms of Mining. Bitcoin, Bitcoin Bond and Bitcoin legal tender.

@wiskrillex, this is an English board so better post in English but if you want to type in your local language please find the local board where you can discuss with your own native/local language.

Keep it up.

I was just browsing and saw some few days old article about[1] El Salvador applying this of what you've done to teach Bitcoin in schools. And it should be implemented next year.

[1] El Salvador to introduce Bitcoin education in schools by 2024

So far we have only been allowed to use bitcoin as a commodity asset and have not touched on further aspects in terms of purchasing and especially near the area where I live. The challenge is not only from the legal aspect but also from people's beliefs that bitcoin is not as popular as what we often discuss in forums. One day maybe we will give a lot of color to Bitcoin's journey and I'm sure it will take time for us to see that happen and slowly Bitcoin will definitely be heard in all corners of the country and villages.

The positive value is that my country does not prohibit bitcoin as a commodity asset so we will not receive any sanctions if we use bitcoin as an investment step. This encouragement is what makes me believe that over the next few years bitcoin will become a real practice that will be implemented by many people as a step to maintain the value of the currency they previously placed in other investments. We will also see the growth of bitcoin adoption becoming more widespread because there are many things that make the advantages offered by bitcoin.

It is appropriate for the younger generation to be taught about Bitcoin and the methods that need to be used only as an introduction as a first step for them. When they have grown up and are able to take responsibility for their lives that is where they can develop an interest in investing.

Of course success will be achieved if you can teach children about Bitcoin in the right way. Because you must educate both the boys and girls in your organization about Bitcoin as well, because if the children acquire knowledge about Bitcoin from a young age, they will surely bring success when they grow up. As teaching in your institution must face challenges but these challenges you have to face strongly, (conquering fear and move towards the future) because honest work will inevitably face obstacles. Since Bitcoin is legal in your country, of course you are more likely to expect something big in the future.



Of course you can teach your school kids about Bitcoin. Since children's interest in learning about Bitcoin from the initial stage is developed, they can definitely be educated in the right way in the future. And as many challenges come you must face the challenges. I think almost the whole world is in support of Bitcoin so I think education should be given in countries where Bitcoin is legal.

In El Salvador, the president has attempted several revolutionary measures and has already succeeded. Today the President of Qatar Tamim Bin Hamad arrived in El Salvador for bilateral business purposes with the President of El Salvador. Salvador's specific business objectives will be realized during this bilateral meeting.





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